Bitcoin Breaks Free - Major Nov. 2021 Downtrend | Linear Scale
Hello my dear cryptocurrency trader, good news we are sharing with you today.
Looking at the linear scale on the weekly timeframe for bitcoin, a major downtrend has been broken.
This is the downtrend that defines our bear market.
While the action taking place after this break has been weak, simple sideways consolidation, we have another signal that goes in our favor.
Bullish divergence with the RSI.
Chart:
- In this chart, the RSI clearly shows a higher low in November vs June.
- While BTCUSD produced a lower low.
Being the weekly timeframe this is a strong signal.
Divergences tend to show up at top/bottoms, resistance/support.
Potential Targets/Resistance Levels
- The immediate resistance is set at $18,000 as EMA10.
- The easy target is set at the $20,000 - $21,000 range in the coming weeks.
- There can be more, bitcoin can hit $24,000 and even $27,000 in the short-term.
This is all in the chart.
See the "Related Ideas" for a full strategy to maximize profits on this upcoming bullish wave.
Remember to do, feel, think and express yourself in whatever way you want.
Remember to be yourself.
Thanks for the follow.
115,000+ (Amazing, it is all thanks to your continued support).
Namaste.
Looking at the linear scale on the weekly timeframe for bitcoin, a major downtrend has been broken.
This is the downtrend that defines our bear market.
While the action taking place after this break has been weak, simple sideways consolidation, we have another signal that goes in our favor.
Bullish divergence with the RSI.
Chart:
- In this chart, the RSI clearly shows a higher low in November vs June.
- While BTCUSD produced a lower low.
Being the weekly timeframe this is a strong signal.
Divergences tend to show up at top/bottoms, resistance/support.
Potential Targets/Resistance Levels
- The immediate resistance is set at $18,000 as EMA10.
- The easy target is set at the $20,000 - $21,000 range in the coming weeks.
- There can be more, bitcoin can hit $24,000 and even $27,000 in the short-term.
This is all in the chart.
See the "Related Ideas" for a full strategy to maximize profits on this upcoming bullish wave.
Remember to do, feel, think and express yourself in whatever way you want.
Remember to be yourself.
Thanks for the follow.
115,000+ (Amazing, it is all thanks to your continued support).
Namaste.
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🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
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🚨 Free PREMIUM Trade-Numbers
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